SELL GBP/USD 1.4293
TAKE PROFIT 1.4273
STOP LOSS 1.4323
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
FRIDAY February 20, 2009
Strength can extend to 1.2717 or even higher than 1.2780 as declines are expected to find support at 1.2601 or 1.2547. Stop Loss below 1.2421 zone.
Resistances lie around 1.437 and 1.4556. It should test lower towards 1.4184 zone. A clear break of 1.4226 would be bearish.
While below 94.67 it is more likely to fall further towards 93.76 or 93.52. Premature rise above 94.67 could see it rising above 95.14 zone.
Current move should be supported in 1.1719 zone for a rise to above 1.1843. A break below 1.1649 opens the way down.
The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any views expressed may change without notice.
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